Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$276,139$272,900
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$1,710.46$1,889.50
2nd payment$0.00$0.00
Taxes / mo$565.07$565.07
Insurance / mo$150.00$150.00
MI / mo$129.51$54.58
HOA / mo$0.00$0.00
Total monthly$2,555.04$2,659.16
Cash to close$27,083$30,322